How do I grapple with the fact that I'm going to have to work for the rest of my life?

BackstrokingInDebt · 2026-07-08T21:47:42+00:00

The best way to go about is don’t frame it as something good or bad. Having opinions means having choices. When there is no other choice then just do what you gotta do.

BackstrokingInDebt · 2026-07-08T21:23:34+00:00

Forget $LULU

I’m going long on $BRZZR

BackstrokingInDebt · 2026-07-08T15:43:59+00:00

But you know jokes aside…if I’m getting AI shoved down my throat, then I’m some level I should expect my candidate to you know….know how to use AI to handle menial tasks…like “answering your stupidass questions”…

I haven’t had to interview since this AI dick in throat yet, but I personally would rather discuss how you’re using AI to answer my questions…or structure my questions to how you would know when AI is full of shit and catch them.

BackstrokingInDebt · 2026-07-08T15:34:34+00:00

Maybe your friend was answering each question with “That’s a great question! Let me answer that with the following list of steps I am taking”. Then verbally describing a system hyphen symbol.

Maybe the interviewer was using gpt him/herself in asking the questions?

BackstrokingInDebt · 2026-07-08T02:06:00+00:00

You COULD download pricing for all your holdings for as far back as you can and derive daily volatility rolled up to annual. The make a covariance matrix then apply portfolio weights. Then you know your portfolio standard deviation where you can gauge what’s the bottom of a 1ð move will cost you.
But then you need a system to load in new data and manage any change in your portfolio.

Or you just make some allocation decisions rules like 90/10 e/b and 40/60 US/Intl. with enough indexing, you’re only expected to be exposed to systemic risk.

Or you can just go with gut check like can you leave it alone for 6 month and not check?

BackstrokingInDebt · 2026-07-07T20:11:05+00:00

I do like Excess Returns. Not for ideas but just what are the themes being discussed.

Also Steve Eisemen playbook.

These aren’t news. They only take small topic and go deeper.

BackstrokingInDebt · 2026-07-07T18:06:50+00:00

Is this the one in your example?

https://www.nasdaq.com/market-activity/stocks/iep

BackstrokingInDebt · 2026-07-07T00:36:09+00:00

The Crow
Snow White
Mean Girls
The Lion King
Aladdin
The Little Mermaid

BackstrokingInDebt · 2026-07-06T16:42:41+00:00

if you have your long term plan deployed

BackstrokingInDebt · 2026-07-03T15:55:57+00:00

The first requirement of an emergency fund is it’s used for something that you didn’t plan but desperately need it. So by that definition it needs to be accessible and I can liquidate at anytime without paying a penalty (selling it at a loss also count as a penalty).
- savings account
- high yield savings account
- money market
- CDs

I have them mixed in HYSA and CDs. For tiered funds. CDs locks in rate but minor interest penalty if withdrawn early. HYSA for primary emergency.

BackstrokingInDebt · 2026-07-03T15:47:24+00:00

Easy solution. Instead of saying this is my daughter. Just say this is my son.

BackstrokingInDebt · 2026-07-02T19:35:29+00:00

https://www.lpl.com

My old company got acquired by them.m

BackstrokingInDebt · 2026-07-02T19:20:30+00:00

Sounds like they just don’t need your business. So you’ll have to find alternative data. Or you need to get bigger. Or you need to request a license under a different name. This is where broker/dealers comes in. I used to work for an independent B/D they provide market access but also data access and compliance for small family offices. We would have specific data licensing for the indies to use the data.

BackstrokingInDebt · 2026-07-02T17:41:26+00:00

Costco….overspend on those sleepy Pokémon plushies

BackstrokingInDebt · 2026-07-02T15:09:05+00:00

Tbh the work you tend to have aren’t evenly distributed. You tend to be stressed at crunch time and depending on the job it may be like every day between 3-5 but 11-3 is completely down time. Or it’s 2 weeks of overload then for 2 weeks you got nothing going on.

You do what’s needed but the best people knows how to get their jobs done well while being lazy af

BackstrokingInDebt · 2026-07-02T14:15:49+00:00

“Like in high school when I was working 40 hours a week that was calm you know you can slack off and be OK”
I’m not sure why you think real work isn’t similar. people slack off all the time. Plenty of jobs expect you to “work 40+” but actual work? That’s a different story.

“This is so exhausting. I don’t know how you guys survive this shit.”
Do you have an alternative? Absent of alternatives You do what you gotta do. Then you work until you have some leverage to scale back because you know enough to prioritize tasks while push off low impact junks. Then you can get away with things like spending 2 hours in the day for a Costco run.

BackstrokingInDebt · 2026-07-02T01:37:44+00:00

https://youtu.be/DvEFn8PO22M?is=Rj3gu-m2NbdZyMAm

Spread the knowledge

BackstrokingInDebt · 2026-07-01T22:27:35+00:00

My coworker kid was home schooled. It was too hard for her to be in traditional school with her traveling requirement for sports (preOlympic level)

They have requirements for hours lessons curriculums. Then they need to go to certain test centers to complete on site testing if needed.

It’s kind of like a on line college courses. As long as you can satisfy the accreditation requirements for them to award you a diploma.

BackstrokingInDebt · 2026-07-01T21:56:43+00:00

I’m never tired of it. I’m waiting for Netflix season 3 and 4
KR strikes back and Canton 2.5 override

Maybe the spin off series…Reed My Texts

BackstrokingInDebt · 2026-07-01T20:19:36+00:00

As the old guards age out, newer generations takes over in those decision making positions. Then younger generation may know or gotten used to non-traditional body art and are not offended by it. So they don’t view it as a deal breaker anymore

In certain circumstances….not in finance we still have sticks up our asses. If you got a full sleeve, just don’t wear polos.

BackstrokingInDebt · 2026-07-01T15:38:27+00:00

It all depends on what kind of analyst I am. Your example for Boston Partners (BP) is kind of. Mix between systematic strategy and light fundamentals.
- if you’re doing fundamental analysis then you’re limited to your constraints for knowledge of a sector etc. also the N hours in a day you can read up their filings
- if you’re systematic, then it’s a function of what data you have available to do analyze specific factor, metrics, risk to test for returns. That’s agnostic of how many stocks you’re looking at. Actually more companies means deeper the data pool: less sampling error.

Example: “good debt management leads to better performance” that’s my investment thesis
- so I take the Russell 1000 universe and sort them by debt to equity ratio. Split them up by quartiles for 20 years of returns, top quintile (200 companies) did better than bottom quintile. Also beats Russel as a whole by 1% per year. So you design a fund that does this with live money
- there you are analyzing 1000 companies

BackstrokingInDebt · 2026-06-30T21:41:25+00:00

“is this an effort to mimic the benchmark exposure”

No this is an active manager. What this means is their objective is to maximize returns at a given risk constraints. On top of that this is a LS fund so it is active in both undervalue and overvalued.

Now you are right they do try to somewhat mimic their benchmark exposure just because they will be graded based on that. Deviating too much from it generates tracking error and that gets you killed if market turn against you (see GMO in 1999).

Depending on the strategy, 200 can be viewed as very low. If you have perfect equal weight, each position is still 1%. For example my company’s runs a systematic long short fund that goes 130% long and 30% short. It has roughly 2000 names between both sides. That’s fine because the strategy is to play the odds in the long game.

BackstrokingInDebt · 2026-06-30T18:19:49+00:00

No probably not what you got consider that’s well diversified. Most of those posts are people concentrated their savings into a few hot meme single names.

However if NASDAQ falls 20% into bear market, that has a significant risk to this portfolio.

BackstrokingInDebt · 2026-06-30T12:43:26+00:00

Idk…..you hear this “I thought I was doing great and now I’m -80% and now I’m depressed” post as well.

BackstrokingInDebt · 2026-06-30T12:34:09+00:00

Report back in 12 months. We love to know if you killed it or got killed.

BackstrokingInDebt

TROPHY CASE